Pramit Jhaveri to step down as Citibank India chief on January 31

Will be vice-chairman of banking, capital markets, advisory, Asia Pacific

Pramit Jhaveri, chief executive at Citibank, India, and South Asia, has been appointed vice-chairman of banking, capital markets and advisory, Asia Pacific, from April 1. He will step down from the current role on January 31 but will continue as interim CEO till end of March to help identify his successor.

Sources in Citibank have confirmed the development and said the process of identifying Jhaveri’s successor has begun. The next CEO could come from within the bank but not necessarily from India, sources said. “There are a few executives who had worked in India but are currently based in Asia Pacific